Settlement cycle for securities to be shortened
From October 11, 2027, all securities transactions within the scope of this regulation must therefore be settled within one day of trading (T+1). The previous standard of two days (T+2) will thus be shortened in order to increase efficiency and the competitiveness of the capital market in the EEA, especially as markets such as the USA and China in particular have already switched to the T+1 cycle. Switzerland is also planning a corresponding switch to the T+1 settlement cycle.
The changeover will require extensive technical and organizational adjustments at banks, securities firms and other market participants. In order to determine the current status of preparations, the EU T+1 Industry Committee - a cross-industry working group of the EU that accompanies the implementation of the new T+1 settlement cycle - has launched a survey. Voluntary participation in the survey is possible via the survey link until December 19, 2025 .
The EU T+1 Industry Committee already published a high-level roadmap in June 2025. It contains recommendations for optimized trading times, automation and standardization of processes. The current survey serves to identify potential challenges and dependencies at an early stage and improve coordination within the industry. Active participation by Liechtenstein financial intermediaries is therefore crucial in order to gain an overview and identify potential challenges at an early stage.
Further information is available at
EU T+1 Industry Committee Survey
Official website of the EU T+1 Industry Committee
ESMA website on the T+1 transition
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